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Editorial Results (free)

1. County Commission Approves Kings Pointe Development -

On Monday, Feb. 9, Shelby County Commissioners approved a planned development at Riverdale Road and Kings Crown Drive as the King’s Pointe planned development.

The plan is to build 220 units of townhouses and multi-family apartments with a clubhouse and other amenities.

2. Justin Ford: ‘We’re On The Cusp Of Change’ -

Shelby County commission chairman Justin Ford is running for Memphis Mayor in 2015.

Ford announced his intention to challenge Memphis Mayor A C Wharton Jr. Monday, Feb. 9, joining former county commissioner James Harvey, city council member Jim Strickland, and former University of Memphis basketball player Detric Golden in the growing field.

3. Fogelman Company Launching Retail Center in East Memphis -

6544 Poplar Ave.
Memphis, TN 38118

Permit Amount: $3.2 million

Permit Application Date: February, 2015

4. Eastern Heights Apts. Sells for $3.4 Million -

An apartment development near Chickasaw Country Club has sold for $3.4 million.

Eastern Heights Partners, a Tennessee general partnership, bought the 130-unit Eastern Heights Apartments from Eastern Heights Apartments Ltd., according to a Jan. 23 warranty deed.

5. Eastern Heights Apartments Sells for $3.4 Million -

An apartment development near Chickasaw Country Club has sold for $3.4 million.

Eastern Heights Partners, a Tennessee general partnership, bought the 130-unit Eastern Heights Apartments from Eastern Heights Apartments Ltd., according to a Jan. 23 warranty deed.

6. Giannini Arraigned On Multiple Rape Charges -

A Shelby County businessman has been indicted on charges of rape and aggravated rape stemming from alleged assaults on three different women, Shelby County District Attorney Amy Weirich said Wednesday.

7. Giannini Arraigned on Multiple Rape Charges -

A Shelby County businessman has been indicted on charges of rape and aggravated rape stemming from alleged assaults on three different women, Shelby County District Attorney Amy Weirich said Wednesday.

8. Memphis Businessman Indicted on Rape Charges -

A Shelby County businessman has been indicted on charges of rape and aggravated rape stemming from alleged assaults on three different women, Shelby County District Attorney Amy Weirich said Wednesday.

9. Lincoln at Wolfchase Apts. Sells for $29.5 Million -

A Birmingham, Ala.-based real estate investment firm specializing in apartment communities has made a purchase in Memphis.

EBSCO Wolfchase LLC, an affiliate of EBSCO Income Properties LLC, bought the 408-unit Lincoln at Wolfchase Apartments community at 8230 Rockcreek Parkway in Cordova from MLQ-ELD LLC for $29.5 million, according to a special warranty deed. The purchase price breaks down to $72,303. The buyer filed a $23.6 million loan with Compass Bank in association with the purchase.

10. Lincoln at Wolfchase Sells for $29.5 Million -

A Birmingham, Ala.-based real estate investment firm specializing in apartment communities has made a purchase in Memphis.

EBSCO Wolfchase LLC, an affiliate of EBSCO Income Properties LLC, bought the 408-unit Lincoln at Wolfchase Apartments community at 8230 Rockcreek Parkway in Cordova from MLQ-ELD LLC for $29.5 million, according to a special warranty deed. The purchase price breaks down to $72,303. The buyer filed a $23.6 million loan with Compass Bank in association with the purchase.

11. Stonebridge Crossing Sells for $34.7 Million -

9300 U.S. 64
Lakeland, TN 38002
Sale Amount: $34.7 million

Sale Date: Jan. 5, 2015
Buyer: Lakeland Apartments TN Associates LLC
Seller: MRB Stonebridge LP
Loan Amount: $27.7 million
Loan Date: Dec. 15, 2014
Maturity Date: Feb. 1, 2025
Lender: Walker & Dunlop LLC
Details: An affiliate of a New York-based real estate investment firm has bought the Stonebridge Crossing Apartments in Lakeland for $34.7 million.

12. Council Takes Up Beale’s Next Act -

Memphis City Council members are likely to have some questions Tuesday, Jan. 20, about the still tentative settlement of the last part of the court fight for control of Beale Street.

The tentative terms of the settlement between the city of Memphis and the Beale Street Development Corp. leaked last week and include a share of revenues from the operation of the entertainment district for the BSDC that would otherwise go to the city, which owns the property between Second and Fourth streets.

13. Lakeland Apartments Sell for $34.7 Million -

An affiliate of a New York-based real estate investment firm has bought the Stonebridge Crossing Apartments in Lakeland for $34.7 million.

Lakeland Apartments TN Associates LLC, which is affiliated with New York-based Somerset Partners LLC, bought the 432-unit apartment community at 9300 U.S. 64 from MRB Stonebridge LP, according to a Jan. 5 special warranty deed. The purchase price breaks down to around $80,324 per unit. The seller, MRB Stonebridge LP, lists the same address as Memphis-based Makowsky Ringel Greenberg LLC.

14. Lakeland Apartments Sell for $34.7 Million -

An affiliate of a New York-based real estate investment firm has bought the Stonebridge Crossing Apartments in Lakeland for $34.7 million.

Lakeland Apartments TN Associates LLC, which is affiliated with New York-based Somerset Partners LLC, bought the 432-unit apartment community at 9300 U.S. 64 from MRB Stonebridge LP, according to a Jan. 5 special warranty deed. The purchase price breaks down to around $80,324 per unit. The seller, MRB Stonebridge LP, lists the same address as Memphis-based Makowsky Ringel Greenberg LLC.

15. Executive Inn Demolition Long Time Coming -

The old Executive Inn hotel on Airways Boulevard where Brooks Road dead ends is the latest problem vacant property to be demolished and touted by Memphis Mayor A C Wharton Jr. as another step in his administration’s anti-blight effort.

16. Stonebridge Crossing Sells for $34.7 Million -

An affiliate of a New York-based real estate investment firm has bought the Stonebridge Crossing Apartments in Lakeland for $34.7 million.

Lakeland Apartments TN Associates LLC, which is affiliated with New York-based Somerset Partners LLC, bought the 432-unit apartment community at 9300 U.S. 64 from MRB Stonebridge LP, according to a Jan. 5 special warranty deed. The purchase price breaks down to around $80,324 per unit. The seller, MRB Stonebridge LP, lists the same address as Memphis-based Makowsky Ringel Greenberg LLC.

17. Creative Destruction -

For about three years Veronica Skinner called the two-story, 24-unit apartment building at 480 Tillman St. in the Binghampton neighborhood home.

18. The Preserve at Southwind Sells for $28 Million -

7991 Capilano Drive
Memphis, TN 38125
Sale Amount: $28 million

Sale Date: Dec. 22, 2014
Buyer: Southwind Apartments LP
Seller: G&I VII Preserve at Southwind Apartments LP
Loan Amount: $18 million
Loan Date: Dec. 18, 2014
Maturity Date: Oct. 31, 2020
Lender: Jackson National Life Insurance Co.
Details: A team that includes Memphis-based Foegelman Venture Partners has sold The Preserve at Southwind apartment community for $28 million.

19. Southwind Apartments Sell for $28 Million -

A team that includes Memphis-based Fogelman Venture Partners has sold The Preserve at Southwind apartment community for $28 million.

G&I VII Preserve at Southwind LLC, a joint venture between Rick and Mark Fogelman and New York-based DRA Advisors LLC, sold the 306-unit complex to Colorado-based Preserve at Southwind Apartments LP, an affiliate of Continental Realty Advisors Ltd., according to a Dec. 22 warranty deed. The sellers acquired the property for $22.1 million in 2011.

20. Loeb Acquires Newby’s Restaurant Space -

Memphis-based Loeb Properties has acquired one of the most venerable locations on the Highland strip.

Loeb purchased the long-time home of club and restaurant Newby’s at 535 and 539 Highland St. from Paragon Bank. A purchase price was not disclosed Friday, Jan. 2.

21. Southwind Apartments Sell for $28 Million -

A team that includes Memphis-based Fogelman Venture Partners has sold The Preserve at Southwind apartment community for $28 million.

G&I VII Preserve at Southwind LLC, a joint venture between Rick and Mark Fogelman and New York-based DRA Advisors LLC, sold the 306-unit complex to Colorado-based Preserve at Southwind Apartments LP, an affiliate of Continental Realty Advisors Ltd., according to a Dec. 22 warranty deed. The sellers acquired the property for $22.1 million in 2011.

22. Two In-Rel Properties Fetch $16.8 Million -

6263 Poplar Ave. and
2670 Union Ave. Extended
Memphis, TN

23. Raleigh Apartments Sell for $2.5 Million -

The Creekwood Village Apartments in Raleigh have been sold for $2.5 million.

Creekwood Village Apartments of Memphis LP sold the 96-unit apartment complex at 5101 Raleigh Lagrange Road to Creekwood Village Partners, according to a Dec. 16 special warranty deed.

24. Raleigh Apartments Sell for $2.5 Million -

The Creekwood Village Apartments in Raleigh have been sold for $2.5 million.

Creekwood Village Apartments of Memphis LP sold the 96-unit apartment complex at 5101 Raleigh Lagrange Road to Creekwood Village Partners, according to a Dec. 16 special warranty deed.

25. Court Order Details Spread of Violent Gang -

Fourteen years ago, a group of eight teenagers who lived on Burnham Street in Frayser tried to join the Vice Lords street gang and were rejected.

They became the FAM Mob street gang.

And according to a petition filed in Shelby County Environmental Court this week by the Multi-Agency Gang Unit to secure the city’s two latest no-gang zones, the rejection fueled violence that gang unit officers say have been a large part of the gang since its founding.

26. Shelby County Commercial Sales Dip in October -

Shelby County recorded 90 commercial sales in October, down 4 percent from 94 commercial sales recorded in October 2013, according to real estate information company Chandler Reports, www.chandlerreports.com.

27. Latest No-Gang Zones Target FAM Mob -

Two Frayser apartment complexes are the latest no-gang safety zones in Memphis under court orders the district attorney general’s office sought from Shelby County Environmental Court.

The Ridgecrest Apartments on Rangeline Road and the Greenbriar Apartments on Dellwood Avenue are areas where members of the FAM Mob gang named in the court order signed by Judge Larry Potter are specifically prohibited from gathering together in public for any reason.

28. Milhaus Acquires Highland Row Property -

44 S. Highland St.; 366, 374 and 380 Ellsworth St.
Memphis, TN 38111
Sale Amount: $4.3 million

29. Highland Row Developer Acquires 13 Acres -

Indianapolis-based developer Milhaus Ventures has acquired several vacant parcels for the long-awaited Highland Row project near the University of Memphis for $4.3 million.

Milhaus, operating as Highland Row LLC, acquired the properties at 443 S. Highland St. and 366, 374 and 380 Ellsworth St. from Worthington Hyde Partners, operating as Highland Row Land Partners LLC, according to a Nov. 26 warranty deed.

30. Highland Row Developer Acquires 13 Acres -

Indianapolis-based developer Milhaus Ventures has acquired several vacant parcels for the long-awaited Highland Row project near the University of Memphis for $4.3 million.

Milhaus, operating as Highland Row LLC, acquired the properties at 443 S. Highland St. and 366, 374 and 380 Ellsworth St. from Worthington Hyde Partners, operating as Highland Row Land Partners LLC, according to a Nov. 26 warranty deed.

31. Highland Row Developer Acquires 13 Acres -

Indianapolis-based developer Milhaus Ventures has acquired several vacant parcels for the long-awaited Highland Row project near the University of Memphis for $4.3 million.

Milhaus, operating as Highland Row LLC, acquired the properties at 443 S. Highland St. and 366, 374 and 380 Ellsworth St. from Worthington Hyde Partners, operating as Highland Row Land Partners LLC, according to a Nov. 26 warranty deed.

32. Lynnfield Place Apartments Sell for $22.4 Million -

The Lynnfield Place apartment community in East Memphis has sold for $22.4 million.

Lynnfield Apartments LLC, an affiliate of Hyde Capital LLC, purchased the 400-unit community at 1400 Lynnfield Road, between Park Avenue and Quince Road in East Memphis, from Lynnfield Holdings LLC, according to a Nov. 7 special warranty deed. Hyde Capital LLC lists an address of 3094 Autumnwood Ave. in Memphis, the same address of the 324-unit Autumnwood Apartments, which is owned by an affiliate of Hyde Multifamily Investments LLC.

33. Lynnfield Place Apartments Sell for $22.4 Million -

1400 Lynnfield Road
Memphis, TN 38119
Sale Amount: $22.4 million

Sale Date: Nov. 7, 2014
Buyer: Lynnfield Apartments LLC
Seller: Lynnfield Holdings LLC
Loan Amount: $20 million
Loan Date: Nov. 3, 2014
Borrower: Lynnfield Apartments LLC
Lender: Arbor Commercial Funding LLC
Details: The Lynnfield Place apartment community in East Memphis has sold for $22.4 million.

34. Lynnfield Place Apartments Sell for $22.4 Million -

The Lynnfield Place apartment community in East Memphis has sold for $22.4 million.

Lynnfield Apartments LLC, an affiliate of Hyde Capital LLC, purchased the 400-unit community at 1400 Lynnfield Road, between Park Avenue and Quince Road in East Memphis, from Lynnfield Holdings LLC, according to a Nov. 7 special warranty deed. Hyde Capital LLC lists an address of 3094 Autumnwood Ave. in Memphis, the same address of the 324-unit Autumnwood Apartments, which is owned by an affiliate of Hyde Multifamily Investments LLC.

35. Historic Brewery Sold and Ready for Development -

The long-vacant Tennessee Brewery Downtown has been sold for $825,000 and could soon see new life.

The Tennessee Brewery LLC, a trust of the family that owns Memphis general contractor BHN Corp., sold the shuttered brewery at 495 Tennessee St. to 495 Tennessee LLC, according to a Nov. 5 warranty deed filed with the Shelby County Register of Deeds office.

36. Highland Row Developer Applies for $6.7 Million Permit -

387 S. Highland St.
Memphis, TN 38111
Permit Amount: $6.7 million

Project Cost: $61 million
Application Date: November 2014
Engineer: Jordan & Skala Engineers
Details: Indianapolis-based developer Milhaus Ventures has applied for another building permit for the long-awaited Highland Row project near the University of Memphis.

37. Commercial Sales Rise in Third Quarter -

Commercial sales were up in the third quarter when compared to the same period last year, according to real estate information company Chandler Reports, www.chandlerreports.com.

38. Sprouts Farmers Market Applies for Building Permit -

3150 Village Shops Drive
Germantown, TN 38138

Project Cost: $1.5 million

Applied: Oct. 14, 2014

39. Waterford Place Apartments Sells for $28.3 Million -

The 320-unit Waterford Place Apartments in Southeast Shelby County has sold to an entity affiliated with Chicago-based Trilogy Real Estate Group for $28.3 million, or about $88,438 per unit.

TMF III Waterford Place Partnership purchased the complex in an Oct. 16 special warranty deed from WRF-Waterford Place LLC, an entity related to Boston-based real estate investment trust Winthrop Realty Trust. Winthrop bought the property in April 2012 for $21.5 million.

40. Lightman Realty Begins Fieldstone Expansion -

Michael Lightman Realty Co. is moving forward with an expansion of the Fieldstone Apartments.

41. Acura of Memphis Owner Buys Dealership, Land -

2611 Ridgeway Road, 6055-6085 Acura Cove
Memphis, TN 38119
Sale Amount: $12.4 million

42. Brook Chase Apartments Sells for $31.1 million -

The 280-unit Brook Chase Apartments community in Germantown has been sold for $31.1 million.

Brook Chase Apartments Partnership LLC, an affiliate of Germantown-based Sentinel Real Estate Corp., sold the complex to G & I VIII Brook Chase LLC, an affiliate of New York City-based DRA Advisors LLC, according to an Oct. 3 special warranty deed. G & I VIII Brook Chase LLC also filed a $22.1 million loan with CBRE Capital

43. TGI Fridays Franchisee Buys 3 Local Restaurants -

A New Orleans-based restaurant group has acquired three local TGI Fridays restaurants.

Southeast Restaurant Group bought the restaurants at 8325 U.S. 64, 7733 Winchester Road and 176 Goodman Road in Southaven, part of a broader 20-restaurant deal.

44. Brook Chase Apartments Sells for $31.1 million -

The 280-unit Brook Chase Apartments community in Germantown has been sold for $31.1 million.

Brook Chase Apartments Partnership LLC, an affiliate of Germantown-based Sentinel Real Estate Corp., sold the complex to G & I VIII Brook Chase LLC, an affiliate of New York City-based DRA Advisors LLC, according to an Oct. 3 special warranty deed. G & I VIII Brook Chase LLC also filed a $22.1 million loan with CBRE Capital Markets Inc., according to an Oct. 3 multifamily deed of trust.

45. McNeill Seeks Permits for Germantown Medical Offices -

1432 Kimbrough Road and 1468 Kimbrough Road
Germantown, TN 38138
Project Cost: $2.6 million

46. FedEx Donates $250,000 to Community College -

Transportation company Federal Express has announced its providing $250,000 to Mid-South Community College in West Memphis.

FedEx and college officials said Tuesday that the donation will be used to support an FAA-certified Aviation Maintenance Technology training program. The college plans to build a program-specific facility to increase the number of students it can train.

47. Fieldstone Apartments Owner Files Loan -

The owner of the 324-unit Fieldstone Apartments in the Southwind area has filed a loan on the property.

Fieldstone Apartments I LLC acquired a $13.5 million loan from Magna Bank for the apartment community at 3333 Hacks Cross Road, according to a Sept. 29 multifamily deed of trust. Michael A. Lightman is the registered agent for Fieldstone Apartments I LLC.

48. Stonebridge Crossing Sells for $29.8 Million -

9135 Morning Ridge Road
Memphis, TN 38016
Sale Amount: $29.8 million

Sale Date: Sept. 11, 2014
Buyer: IRT Stonebridge Crossing Apartments Owner LLC
Seller: AB Merion Stonebridge LLC
Details: The 500-unit Stonebridge Crossing apartment complex in Cordova has traded hands.

49. Reese Road Apartments Owner Takes Out Loan -

The owner of the 76-unit Reese Road apartment complex at 2503 E. Reese Cove in Northeast Memphis has taken out a loan on the property.

50. Stonebridge Crossing Sells for $29.8 Million -

The Stonebridge Crossing apartment complex in Cordova has traded hands.

Independence Realty Trust, a Philadelphia-based real estate investment trust focused on apartment communities and operating as IRT Stonebridge Crossing Apartments Owner LLC, acquired the massive apartment community from AB Merion Stonebridge LLC for $29.8 million, according to a Sept. 11 special warranty deed.

51. Stonebridge Crossing Sells for $29.8 Million -

The Stonebridge Crossing apartment complex in Cordova has traded hands.

Independence Realty Trust, a Philadelphia-based real estate investment trust focused on apartment communities and operating as IRT Stonebridge Crossing Apartments Owner LLC, acquired the massive apartment community from AB Merion Stonebridge LLC for $29.8 million, according to a Sept. 11 special warranty deed.

52. Stonebridge Crossing Sells for $29.8 Million -

The Stonebridge Crossing apartment complex in Cordova has traded hands.

Independence Realty Trust, a Philadelphia-based real estate investment trust focused on apartment communities and operating as IRT Stonebridge Crossing Apartments Owner LLC, acquired the massive apartment community from AB Merion Stonebridge LLC for $29.8 million, according to a Sept. 11 special warranty deed.

53. Cotton Council Apartments Sell for $6.1 Million -

1918 North Parkway
Memphis, TN 38112
Sale Amount: $6.1 million

Sale Date: Sept. 16, 2014
Buyer: Lynxco LLC
Seller: Cotton Council Apartments LLC
Details: Lynxco LLC, an affiliate of Rhodes College, has purchased the former National Cotton Council building on North Parkway in Midtown for $6.1 million. Rhodes intends to use it as student housing, according to the school’s website.

54. Cotton Council Apartments Sell for $6.1 Million -

Lynxco LLC, an affiliate of Rhodes College, has purchased the former National Cotton Council building on North Parkway in Midtown for $6.1 million. Rhodes intends to use it as student housing, according to the school’s website.

55. Walnut Hill Apartments Sells for $28 Million -

8920 Walnut Grove Road
Cordova, TN 38018
Sale Amount: $27.9 million

Sale Date: Aug. 28, 2014
Buyer: IRT Walnut Hill Apartments Owner LLC
Seller: 30 California-based limited liability companies
Details: The 324-unit Walnut Hill Apartments in Cordova has sold for $27.9 million to an entity affiliated with Philadelphia-based RAIT Financial Trust.

56. Walnut Hill Apartments Sells for $28 Million -

The 324-unit Walnut Hill Apartments in Cordova has sold for $27.9 million to an entity affiliated with Philadelphia-based RAIT Financial Trust.

IRT Walnut Hill Apartments Owner LLC bought the complex at 8920 Walnut Grove Road in an Aug. 28 special warranty deed from 30 related California-based limited liability companies.

57. Harmony Park Apartments Sells for $2.6 Million -

The 164-unit Harmony Park Apartments and Townhomes at 3365 Steve Road has sold for $2.6 million to two entities.

58. Indmar Marine Engines Files Expansion Permit -

5400 Old Millington Road
Unincorporated Shelby County
Permit Cost: $2 million

59. Alco Files $4 Million Loan on Todd Creek Apartments -

Alco Management Inc. has filed a $4 million loan on the 155-unit Todd Creek Apartments at 1541 Northside Dr. in Frayser.

60. New York Firm Buys Retirement Community -

996 Cherry Road
Memphis, TN 38117
Sale Amount: $12.9 million

Sale Date: July 30, 2014
Buyer: GFTV Audubon Owner LLC
Seller: TV Memphis LP
Loan Amount: $23.5 million
Loan Date: July 30, 2014
Maturity Date: N/A
Lender: Grandbridge Real Estate Capital LLC
Details: An affiliate of New York-based Garrison Investment Group has paid $12.9 million for the 176-unit Town Village Audubon Park retirement community at 950 Cherry Road in East Memphis.

61. Reese Road Apartment Complex Sells Twice -

The 76-unit Reese Road apartment complex at 2503 E. Reese Cove in Northeast Memphis sold twice in two days, the latter a $3.3 million deal.

62. Edison Apartments Owner Files $2.5 Million Loan -

The owner of the Edison Apartments along Jefferson Avenue has filed a $2.5 million trust deed for the Downtown property.

Edison Park LP filed the deed of trust, assignment of rents and security agreement July 30 through American Fidelity Assurance Co. Neil E. Ringel signed the trust deed as president of Jan Realty Inc., general partner of Edison Park LP.

63. Survey: Graduates Should Return to Memphis After School -

Measuring economic sentiment among consumers at any given moment in time involves looking at specific data points and how consumers feel about those sets of numbers and facts.

That’s a key element of the Memphis Economic Indicator, a quarterly survey measuring general business and economic sentiment produced jointly by The Daily News and Dixon Hughes Goodman LLP that’s now one year old.

64. Greenbrook Apartments Sell for $46.5 Million -

An affiliate of Atlanta-based Carroll Organization bought the 1,037-unit Greenbrook Apartments at 1400 Greenbrook Parkway from Memphis-based real estate investment trust MAA for $46.5 million in a deal that closed Friday, June 11, according to Shelby County property records.

65. Brooks Challenge Grows Toward End of Term -

The last six weeks of the current terms of office of the 13 Shelby County commissioners will be marked by a series of political challenges involving Commissioner Henri Brooks.

Meanwhile, Shelby County Attorney Marcy Ingram has resolved a residency challenge of Commissioner Justin Ford, concluding Ford’s “primary residence is probably” at Fairways Apartments, a South Memphis apartment complex in his district, even though Ford claimed in the investigation that he lived there for more than two years without utilities.

66. Addison at Collierville Owner Files $17 Million Loan -

400 Orchard Circle
Collierville, TN 38017
Loan Amount: $16.8 million

Loan Date: July 1, 2014
Maturity Date: July 1, 2021
Borrower: G&I VII Addison at Collierville LLC
Lender: CBRE Capital Markets Inc.
Details: The owner of the 226-unit Addison at Collierville apartments at 400 Orchard Circle W. has filed a $16.8 million loan on the property.

67. Addison at Collierville Owner Files $17 Million Loan -

The owner of the 226-unit Addison at Collierville apartments at 400 Orchard Circle W. has filed a $16.8 million loan on the property.

68. New Nonprofit Charts Role in Blight Fight -

The bulldozer went straight for the leasing office of the former Spanish Oaks apartments on Cazassa Road near Memphis International Airport.

Meanwhile another bulldozer across the two-lane road was deep into demolishing a set of buildings in the old Winchester Park apartments.

69. Legacy Farm Owner Files $29.8 Million Loan -

1120 Winchester Road
Collierville, TN 38017
Loan Amount: $29.8 million

Loan Date: June 18, 2014
Maturity Date: July 1, 2021
Borrower: Legacy Farm LLC
Lender: CBRE Capital Markets Inc.
Details: The owner of the 368-unit Legacy Farm apartment complex at 1120 Winchester Road in Collierville has filed a $29.8 million loan on the property.

70. Westbrook Crossing Owner Files $22 Million Loan -

The owner of the Westbrook Crossing apartments at 525 Shea Road in Collierville has filed a $22 million loan on the property.

71. ‘A Step Closer’ -

The general contractor for the Crosstown redevelopment project recently applied for three building permits totaling $115.3 million as the development team approaches a key period for financing the ambitious project.

72. Perkins Hotel Sells After Foreclosure -

2700 S. Perkins Road
Memphis, TN 38118
Sale Amount: $2.2 million

Sale Date: May 23, 2014
Buyer: HC Memphis LLC
Seller: Douglas M. Alrutz, successor trustee
Details: The Inn at Thousand Oaks hotel at 2700 S. Perkins Road in Parkway Village has sold for $2.2 million following a first-run foreclosure notice filed earlier this year.

73. Southbrook Mall Concept Goes to Public Hearings -

As city Housing and Community Development Director Robert Lipscomb began talking in the gym of the Whitehaven Community Center last week, he could see the Pepper Tree Apartments on the other side of Graceland Drive.

74. Peppertree Apartments Owner Files $3 Million Loan -

The owner of the 306-unit Peppertree Apartments at 4243 Graceland Drive in Whitehaven has filed a $3.2 million loan on the property.

75. Shelby Farms Files $25 Million Permit for Lake Expansion -

500 Pine Lake
Memphis, TN 38134
Permit Cost: $25 million

Project Cost: $52 million
Permit Date: Applied May 2014
Completion: June 2016
Owner: Shelby Farms Park Conservancy
Tenant: Shelby Farms Park Conservancy
Architect: james corner field operations
Contractor: Montgomery Martin Contractors LLC
Details: The Shelby Farms Park Conservancy has filed a $25 million permit with the city-county Office of Construction Code Enforcement to expand Patriot Lake.

76. Fieldstone Apartments Pays $1.8 Million for Land -

Fieldstone Apartments III LLC – an affiliate of Michael Lightman Realty Co. – has paid $1.8 million for land near its Southeast Memphis property.

77. Life Church Buys Victory Campus for $4.4 Million -

255 N. Highland St.
Memphis, TN 38111
Sale Amount: $4.4 million

Sale Date: May 2, 2014
Buyer: The Life Church of Memphis Inc.
Seller: SignificantPsychology LLC
Loan Amount: $3.8 million
Loan Date: May 2, 2014
Maturity Date: May 5, 2019
Lender: Triumph Bank
Details: The Life Church of Memphis has paid $4.4 million for the former Victory University campus at 255 N. Highland St.

78. Heritage Place Retirement Community Sells for $1 Million -

An affiliate of Orlando, Fla.-based Elevation Financial Group has paid $1 million for the 161-unit Heritage Place retirement center at 2990 Hickory Hill Road in Hickory Hill.

79. Owner Files Loan on Fairway Townhomes -

The Utah-based owner of the 59-unit Fairway Townhomes and Apartments at 5150 Tulane Road has filed a $2.2 million loan on the property.

80. Hedgemoor Square Sells for $3.6 Million -

375 N. Graham St.
Memphis, TN 38117
Sale Amount: $3.6 million

Sale Date: April 30, 2014
Buyer: Summit Hedgemoor Square Apartments LLC
Seller: Hedgemoor Square Apartments GP
Loan Amount: $2.7 million
Loan Date: April 30, 2014
Maturity Date: N/A
Lender: Pulaski Bank

81. Hedgemoor Square Sells for $3.6 Million -

An affiliate of St. Louis-based Gateway Commercial has paid $3.6 million for the 64-unit Hedgemoor Square Apartments at 375 N. Graham St. in East Memphis.

82. Forest Hill Technology Center Sells for $5.2 Million -

3860 Forest Hill-Irene Road
Germantown, TN 38125
Sale Amount: $5.2 million

Sale Date: March 31, 2014
Buyer: 3860 Forest Hills Irene LLC
Seller: BACM 2007-1 Irene Road LLC
Loan Amount: $5.6 million
Loan Date: April 17, 2014
Maturity Date: N/A
Lender: First Tennessee Bank NA

83. Tillman Cove Apartments Sell for $1 Million -

The 116-unit Tillman Cove Apartments at 2998 Tillman Cove in Binghampton have sold for $1 million.

84. Pinnacle Apartments Sell for $3.8 Million -

305 S. Bellevue Blvd.
Memphis, TN 38104
Sale Amount: $3.8 million

Sale Date: April 8, 2014
Buyer: Pinnacle Apartments Property Owner LLC
Seller: Bellevue Tower II LLC
Loan Amount: $3.4 million
Loan Date: April 11, 2014
Maturity Date: May 1, 2019
Lender: JPMorgan Chase Bank NA
Details: An affiliate of Woodbury, N.Y.-based CLK Properties has paid $3.8 million for the 118-unit Pinnacle Apartments at 305 S. Bellevue Blvd. in Midtown.

85. Commercial Real Estate Sales Up 6.1 Percent In March -

Shelby County recorded 208 commercial real estate sales in the first quarter, according to real estate information company Chandler Reports, www.chandlerreports.com.

86. Pinnacle Apartments Sell for $3.8 Million -

An affiliate of Woodbury, N.Y.-based CLK Properties has paid $3.8 million for the 118-unit Pinnacle Apartments at 305 S. Bellevue Blvd. in Midtown.

87. Hillview Village Apartments Sell for $5.9 Million -

2051 E. Alcy Road
Memphis, TN 38114
Sale Amount: $5.9 million

Sale Date: March 27, 2014
Buyer: 2013 Hillview LP
Seller: Alcy Partners LP
Details: The 265-unit Hillview Village Apartments at 2051 E. Alcy Road in the Defense Depot neighborhood have sold for $5.9 million.

88. Hillview Village Apartments Sell for $5.9 Million -

The 265-unit Hillview Village Apartments at 2051 E. Alcy Road in the Defense Depot neighborhood have sold for $5.9 million.

89. Industrial Portfolio Sells for $43 Million -

4550 Swinnea Road6005 Freeport Ave., 3399 E. Raines Road
Memphis, TN
Sale Amounts: $10.1 million; $14.8 million; $18 million

90. Mill Creek Apartments Owner Files $7 Million Loan -

The owner of the 448-unit Mill Creek Apartments at 4461 Millbranch Road in Whitehaven has filed a $6.8 million loan on the property.

91. Georgian Woods Apartments Sell for $3.9 Million -

118 St. Agnes Drive
Memphis, TN 38112

Sale Amount: $3.9 million

Sale Date: March 14, 2014

Buyer: Georgian Woods Property Owner LLC

92. CB Richard Ellis Brokers Four Multifamily Sales -

The multifamily group at CB Richard Ellis Memphis has closed on the sale of four properties in the Memphis market over the last several weeks.

Briar Club Apartments, a 272-unit apartment community constructed in 1985, sold for $8.7 million, or $32,093 per unit. Cinnamon Trails Apartments, a 208-unit apartment community constructed in 1989, sold for $8.6 million, or $41,461 per unit. respectively. CBRE Memphis represented the sellers, Briar Apartments LLC and Cinnamon Apartments LLC in the sale to New York based Briar Club LLC and Cinnamon Trail LLC.

93. Georgian Woods Apartments Sell for $3.9 Million -

The 100-unit Georgian Woods Apartments at 118 St. Agnes Drive in Midtown has sold for $3.9 million.

Georgian Woods Property Owner LLC, an affiliate of Woodbury, N.Y.-based CLK Properties, bought the property, whose alternate address is 2451 Union Ave., in a March 14 special warranty deed.

94. Richmond Honan Buys Quince Centre for $10 Million -

6555 Quince Road
Memphis, TN 38119
Sale Amount: $10.4 million
Sale Date: March 7, 2014

95. Hyde Capital Buys Two Apartment Complexes -

Affiliates of New York-based Hyde Capital LLC have paid a combined $17.3 million for the Briar Club Apartments at 6339 Village Grove Drive in East Memphis and the Cinnamon Trails apartment complex at 6497 Knight Arnold Road in Hickory Hill.

96. Collier Village Apartments Sell for $4.4 Million -

The 100-unit Collier Village Apartments at 365 Center St. in Collierville has sold for $4.4 million.

Collier Village Apartments Utah LLC – an affiliate of Salt Lake City-based Property Asset Management Inc. – bought the townhouse-style multifamily complex in a Feb. 26 special warranty deed from Collier Village Associates LLC.

97. Renovation on Tap for 100 N. Main Tower -

The owner of 100 N. Main St., the city’s tallest building, has plans to turn the Downtown skyscraper into a development featuring a hotel and apartments.

98. Polo Shops Sells for $3.1 Million After Foreclosure -

7444 Winchester Road7464 Winchester Road
Memphis, TN 38125
Sale Amount: $3.1 million

99. This week in Memphis history: February 21-27 -

2013: The Salvation Army Kroc Center opened at the Mid-South Fairgrounds.

1974: On the front page of The Daily News, Albertine McCrory developers announced a 1,500-home planned community at Interstate 40 and Whitten Road called Hillshire. The plans called for single-family homes, townhouse condominiums, garden apartments, duplexes and commercial areas as well as an office industrial park for an estimated 12,000 people or a community about the size of Parkway Village at the time.

100. Collierville Apartments Sell for $1.2 Million -

The 30-unit Center Court Apartments at 282 Center St. and 288 Center St. in Collierville have sold for $1.2 million.